Scientific & Economic Consulting in Canada
Operators in the Scientific and Economic Consulting industry in Canada provide guidance and advisory services to businesses, government bodies and nonprofit organizations on scientific and technical issues. Industry services are highly diverse as operators assist a variety of markets. Therefore, industry services range from agricultural, geological and geophysical consulting services to risk management and business expansion plans. Agriculture, energy and mining companies are one of the largest customer segments for the Scientific and Economic Consulting industry in Canada. Over the five years to 2018, the mining industry experienced volatile growth due to decreasing commodity prices, which influence production levels, revenue and profit. As mining companies' revenue and profit decreased, many cut back on expenditures and also reduced the number of expansion projects. Over the five years to 2023, industry revenue is forecast to rise as the economy becomes further removed from the macroeconomic upheaval caused by plunging commodity prices.
This industry provides advice and assistance to businesses and other organizations on scientific and technical issues. The industry includes a range of specialist consulting activities, primarily in the areas of economic, energy and mineral, security and agricultural analysis. This industry excludes establishments that generate their revenue primarily from environmental consulting and remediation, geophysical surveying and mapping or oil and gas exploration.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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